Results 7,861-7,880 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Fuel Inspections (31 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners, who are responsible for tackling fuel fraud, that acting against illegal activities of this kind is a priority for them. They undertake, on an ongoing basis, an extensive programme of compliance and enforcement actions to ensure adherence to the legal requirements governing the supply and sale of mineral oil and to allow action to be taken against...

Written Answers — Department of Finance: National Treasury Management Agency (31 Mar 2015)

Michael Noonan: The Ireland Strategic Investment Fund (ISIF) was established on 22 December 2014 with a mandate to invest on a commercial basis to support economic activity and employment in Ireland. The assets of the National Pensions Reserve Fund (NPRF) were transferred into the ISIF on its establishment. The National Treasury Management Agency (NTMA) is responsible for management of the ISIF and the...

Written Answers — Department of Finance: National Treasury Management Agency (31 Mar 2015)

Michael Noonan: As part of its regular, ongoing funding strategy, the NTMA considers issuance of various maturities subject to market developments and investor appetite. The NTMA announced last December that it plans to issue €12 to €15 billion of long-term bonds over the course of 2015 and has, so far this year, raised €9.5 billion.   Ireland currently has thirteen...

Written Answers — Department of Finance: Life Insurance Policies (31 Mar 2015)

Michael Noonan: I have received the following information for the relevant institutions: AIB - AIB is a tied agent of Irish Life for Life Assurance products. - AIB / Irish Life has not increased Life Assurance prices in the past year. - In fact there was a small price reduction across the protection product range in February 2014  PTSB Permanent tsb are a tied agent of Irish Life and do not...

Written Answers — Department of Finance: Vehicle Registration (31 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the valuation of a vehicle provided at the time the pre-registration inspection is completed normally holds at the time of registration. However, on occasion the value may change if valuations for certain categories of vehicles are adjusted as part of the regular reviews undertaken by Revenue to ensure that VRT is charged on the most up to date...

Written Answers — Department of Finance: Sovereign Debt (31 Mar 2015)

Michael Noonan: It is not my intention to provide an audit of Irish Government bonds with the Spring Statement. The Deputy should note that the website of the National Treasury Management Agency (NTMA) contains a large volume of detailed information on Irish Government bonds which can be accessed through the NTMA website () or through the following link: . Such material includes offering circulars,...

Written Answers — Department of Finance: Fiscal Data (31 Mar 2015)

Michael Noonan: As per the Deputy's request the debt to GNP totals and ratios can be outlined as follows: - 2007 2008 2009 2010 2011 2012 2013 2014f 2015f Debt (€m) 47,143 79,600 104,540 144,163 190,111 210,226 215,550 203,161 209,913 GNP (€m) 169,463 161,033 139,597 138,503 138,915 141,229 147,505 154,250 162,000 Debt/GNP % 27.8 49.4 74.9 104.1 136.9 148.9 146.1 131.7 129.6Source:...

Written Answers — Department of Finance: Debt Conference (31 Mar 2015)

Michael Noonan: As I have previously stated, my view is that when countries encounter difficulties, a process of negotiation is always better than one of conflict. Specifically in the case of euro area Member States, all programme negotiations have been conducted within the Eurogroup and Ecofin, with IMF involvement as appropriate.  My view is that these are the appropriate fora for...

Written Answers — Department of Finance: Ministerial Meetings (31 Mar 2015)

Michael Noonan: The Governor of the Bank of England, Mr Mark Carney, visited Dublin on 27 January 2015 to deliver a lecture in the Department of Foreign Affairs and Trade in honour of the late Mr Jim Flaherty, the former Minister of Finance of Canada. That address is available as a webcast at the following link: . In advance of the Governor Carney's lecture I delivered a personal tribute to Mr Flaherty,...

Written Answers — Department of Finance: Irish Water Establishment (31 Mar 2015)

Michael Noonan: The information sought by the Deputy is lengthy and will take some time to assemble.  The information will be forwarded to the Deputy when it is compiled by my officials, who will have regard to the provisions of Freedom of Information Acts in this matter.

Written Answers — Department of Finance: Corporation Tax Regime (31 Mar 2015)

Michael Noonan: I assume your question refers to the changes taking place with regard to the Northern Ireland Corporate Tax Rate. I have not recently met with Prime Minister David Cameron. The corporate tax rate in Northern Ireland is a matter for the UK Government and Stormont Executive. Ireland is fully supportive of fair tax competition and of any measures which would bring positive economic...

Written Answers — Department of Finance: Departmental Investigations (31 Mar 2015)

Michael Noonan: This Question has been transferred to my Department as matters relating to Relevant Contracts Tax (RCT) are tax matters. With effect from 1stJanuary 2012, the administration of RCT moved from being a manual system to an electronic one (the eRCT system). As the Deputy's Question was directed in the first instance to Minister Bruton, I think it useful to point out that, while the eRCT system...

Written Answers — Department of Finance: Income Data (31 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that a wide range of statistical information is now available on the Revenue Commissioners' new, enhanced, statistics webpage at . In particular, in response to the Deputy's Question, at detailed information is presented on the breakdowns of gross income, Income Tax and Universal Social Charge (USC). This information can be found under the heading...

Written Answers — Department of Finance: Tax Yield (31 Mar 2015)

Michael Noonan: In relation to tax revenue that is collected from this sector, I am informed by the Revenue Commissioners that a wide range of statistical information is now available on the Commissioners' statistics website at .  In particular, in response to the Deputy's Question, detailed information on net tax receipts collected by sector is available at: . These figures will be updated to include...

Written Answers — Department of Finance: Income Inequality (31 Mar 2015)

Michael Noonan: Recently some commentators have highlighted that market income inequality in Ireland is the highest in the OECD. While this may be the case, the Irish tax and social welfare system is the most effective at reducing income inequality, of the OECD member countries. The redistributional impact of the Irish tax and social welfare system is the largest in the OECD and leaves Ireland's...

Written Answers — Department of Finance: Tax Code (31 Mar 2015)

Michael Noonan: I understand that the UK is introducing a Diverted Profits Tax which is due to come into effect in relation to accounting periods beginning on or after 1 April 2015. I do not generally comment on the tax affairs of other countries, or their possible effects, and UK tax issues are primarily a matter for the UK administration and parliament. However, it would be important that this measure is...

Written Answers — Department of Finance: Tax Collection (31 Mar 2015)

Michael Noonan: I propose to take Questions Nos. 275 and 276 together. As Deputy Barry is aware, my Department has carried out a public consultation on the reform of the tax appeals system with the objective of improving the administration of the system and to provide enhanced arrangements for an independent, efficient, well-defined, clear and transparent system for appeals relating to decisions of Revenue,...

Written Answers — Department of Finance: Tax Collection (31 Mar 2015)

Michael Noonan: I am advised by the Office of the Appeal Commissioners that the number of cases currently under appeal with the Appeal Commissioners are: Cases listed for hearing within the coming 12 weeks 78 Adjourned cases which will be re-listed on receipt of the requested submissions from the taxpayer and /or the Revenue Commissioners   50 Total Cases currently under appeal to the Appeal...

Written Answers — Department of Finance: Mortgage Lending (31 Mar 2015)

Michael Noonan: Firstly, I must confirm to the Deputy that the lending institutions in Ireland - including those in which the State has a significant shareholding - are independent commercial entities. I have no statutory role in relation to regulated financial institutions passing on the European Central Bank interest rate change or to the mortgage interest rates charged. It is a commercial...

Written Answers — Department of Finance: Property Tax Application (31 Mar 2015)

Michael Noonan: I can confirm for the Deputy that I have raised the matter with the Central Bank of Ireland and have received the following response in this regard: The company in question was authorised under the Investment Intermediaries Act, 1995 on 26 May 2000. Its authorisation transferred on 1 November 2007 to the European Communities (Markets in Financial Instruments) Regulations 2007. The...